The Federal Reserve Board on Thursday permanently barred from the banking industry a former Goldman Sachs managing director accused of misusing confidential supervisory information to further his regulatory advisory practice.

Joseph Jiampietro agreed to the lifetime ban nearly six years since enforcement proceedings were first announced against him. Goldman Sachs in August 2016 was ordered to pay a $36.3 million civil penalty by the Fed regarding the information misuse that was attributed to a lack of sufficient policies, procedures, and training in place to prevent such misconduct.

Jiampietro, who had joined the bank in or around February 2011, previously served as a senior adviser to the chair of the Federal Deposit Insurance Corp. and legal counsel to the Senate Banking Committee. From 2012 through September 2014, he “repeatedly obtained, used, and disseminated” confidential supervisory information prepared by banking regulators for the benefit of his practice, according to the Fed’s original complaint.

Jiampietro’s alleged misconduct ramped up in July 2014, when Goldman Sachs recruited Rohit Bansal, a former supervisor from the Federal Reserve Bank of New York. Jiampietro directed the new hire to obtain a confidential enterprise-wide risk framework for use in client pitches, according to the Fed, which Bansal retrieved from a former colleague.

“The materials were used by Jiampietro and Bansal in connection with Goldman Sachs’ regulatory advisory work for current clients and pitches to potential clients, which gave Jiampietro and Goldman Sachs a competitive advantage in providing regulatory advisory services and provided a personal benefit to Jiampietro,” the Fed stated.

Jiampietro and Bansal were terminated by Goldman Sachs in October 2014 after their misconduct was discovered and reported to the firm’s compliance department, the Fed stated. Bansal was banned from the banking industry in November 2015 and pleaded guilty in the Southern District of New York to theft of confidential information from the Federal Reserve Bank of New York.